Harcourt Investment Consulting, the US$5.5 billion alternatives shop, has been appointment as an advisor to Bank Sarasin's fund of hedge funds platform. Harcourt previously advised the private bank on its Torneo funds in July 2006.

As part of the new partnership, Harcourt will additionally provide selection, due diligence and monitoring for the hedge fund offering of Bank Sarasin.

“The partnership will make a strong contribution to the growth of our open architecture hedge fund platform,” said Nils Ossenbrink, head products of Bank Sarasin Group.

Bank Sarasin was founded in 1841 and is listed on the Swiss Stock Exchange.